FLINT, Michigan — Flint Mayor Dayne Walling and other city officials are holding a press conference at 4:30 p.m. today to make an announcement about Genesee Towers, according to a news release from the mayor's office.

In June, the city asked the Michigan Supreme Court to reconsider its decision not to hear an appeal of the Genesee Towers case. The Supreme Court's decision essentially upheld a 2007 court order that said the city would have to pay more than $6 million to the buildings owners, V. Kumar and Sasikala Vemulapalli.

The news release didn't detail the mayor's announcement, but said Walling and City Attorney Peter Bade would be discussing a final order from the supreme court regarding the case.

Walling previously has said that the city would have few options, including a tax raise, if it were ordered to pay the judgment, which is estimated to have grown to about $8 million including interest.

The case dates to 2004, when the city condemned the 19-story building in downtown Flint.

The city and the building's owners agreed to enter into arbitration over the property and its worth in 2006.

The arbitrator's decision in 2007 awarded the Vemulapallis more than $6 million, including legal fees, but reduced by the cost of repairs, according to court documents.

City officials appealed, arguing the arbitrator exceeded his scope of authority in reaching the decision.

The case was appealed multiple times, until the Court of Appeals ruled in December that there was no error in the arbitration award.

The Michigan Supreme Court refused to hear the city's appeal of that ruling in June.